Latest Mandrake Resources (ASX:MAN) News

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Mandrake Resources has received a US$1 million grant from the US Department of Energy to advance lithium exploration in Utah’s Paradox Basin, validating its Utah Lithium Project and strengthening partnerships with leading US research institutions.

Mandrake Resources advances its Utah Lithium Project with a significant 3.3Mt lithium carbonate equivalent inferred resource, alongside key agreements for lithium offtake and uranium recovery.

Mandrake Resources has inked a binding agreement with DISA Technologies to recover uranium and critical minerals from abandoned mine waste across its expansive Utah Project, tapping into a growing US government-backed market.

Mandrake Resources has signed a term sheet with DISA Technologies to explore recovering uranium and critical minerals from abandoned mine waste in Utah, leveraging a unique US regulatory license and strong government backing.

Mandrake Resources has signed a non-binding Letter of Intent to supply lithium chloride to US refinery Stardust Power, marking a strategic step in the US push for domestic critical minerals.

Mandrake Resources has identified two promising high-grade lithium brine zones within its Utah Lithium Project, enhancing the prospectivity of its 3.3Mt inferred resource. The discovery leverages advanced brine flow modelling and historical well data, setting the stage for cost-effective testing.

Mandrake Resources reports significant progress at its Utah Lithium Project, confirming a 3.3Mt lithium carbonate equivalent inferred resource and advancing brine flow modelling to pinpoint high-grade lithium zones.

Mandrake Resources reports significant lithium concentrations in clastic zones of the Paradox Formation at its Utah Lithium Project, highlighting strong potential for large-scale lithium brine extraction.

Mandrake Resources has completed detailed mapping of the Precambrian basement at its Utah Lithium Project, revealing structural features that could concentrate lithium-rich brines. This milestone advances a brine flow modelling study aimed at pinpointing high-grade lithium zones within a 3.3Mt inferred resource.

Mandrake Resources reports progress on its Utah Lithium Project, highlighting a 3.3Mt inferred lithium resource and new brine flow modelling to target high-grade zones. The company maintains a strong cash position while exploring strategic growth opportunities.